The Peruvian iron ore producer Shougang Hierro Peru (SHP) has posted a net profit equivalent to $94.528 million for the first quarter of 2026, against $71.730 million for the first quarter of 2025.
The increased profit reflects chiefly the lower impact of income tax charge in Q1 2026, $49.718 million, against $88.334 million in Q1 2025.
Net sales increased by 4.3 percent to $397.361 million, while production costs increased by 29 percent to $237.260 million. Gross profit declined by 18.8 percent to $160 million, and the operational profit declined by 14.6 percent to $142.436 million.
During the period, the company sold 5.430 million mt of iron ore, against 4.871 million mt in Q1 2025.
